The synagogue is in Beyoglu Kuledibi on Buyuk Hendek Road. The name which means "oasis of peace" was built with the restoration of a Jewish primary school.
This hall was first turned into a prayer room, but was unable to be opened for use because the necessary approvals weren't obtained. This approval was granted in 1949, and the project was designed by two Jewish men named Elio Ventura and Bernard Motola, recently graduated from Istanbul Technical University.
Neve Shalom Synagogue was opened for religious service in 1951. Its dome carrying a chandelier of 8-ton weight, its glassware specially imported from England, and marble sections are very impressive.
The synagogue which was attacked by a terrorist in 1986, was reopened to service in May 1987 with its repairs being completed.